Chances of $150 again

[vervolioman]

Why do people want to try and call at a bottom?   Kinda sucks if you have a BUY 100 BTC @ $150.00 and the lowest tick before heading skyward is $151.23.

If you want a position just use multiple price points.
BUY 20 @ $170.00
BUY 20 @ $165.00
BUY 20 @ $160.00
BUY 20 @ $155.00
BUY 20 @ $150.00

Greed is why.  Everyone wants to make the maximum theoretical $$, and precisely catch the low without being off by a penny.  lol

I personally use weird numbers like 

BUY 10 @ $170.33
BUY 20 @ $165.87
BUY 40 @ $160.52

Because I believe most uses round numbers, so bit over round numbers can be filled while round numbers need not

[BitPappa]

0.00000000000000000000000000000000000001

chance!

Really? Want to bet with those odds?

[SheHadMANHands]

Why do people want to try and call at a bottom?   Kinda sucks if you have a BUY 100 BTC @ $150.00 and the lowest tick before heading skyward is $151.23.

If you want a position just use multiple price points.
BUY 20 @ $170.00
BUY 20 @ $165.00
BUY 20 @ $160.00
BUY 20 @ $155.00
BUY 20 @ $150.00

Greed is why.  Everyone wants to make the maximum theoretical $$, and precisely catch the low without being off by a penny.  lol

I personally use weird numbers like 

BUY 10 @ $170.33
BUY 20 @ $165.87
BUY 40 @ $160.52

Because I believe most uses round numbers, so bit over round numbers can be filled while round numbers need not

Seems to make sense to me.  After all, the lower the drop, the lower the risk of further downside.  Lower risk = you can invest more.

Ya I would think $170.0005 or something would be better than $170.  Else your bid is less likely to be filled if it bottoms out there and you're just part of a larger bid wall.

[smoothie]

$150? ....dunno it could happen.

But less than $100...i highly doubt. 

[BitPappa]

Ya I would think $170.0005 or something would be better than $170.  Else your bid is less likely to be filled if it bottoms out there and you're just part of a larger bid wall.

Agreed. I use numbers like 171.11111

[amadeo]

$150? ....dunno it could happen.

But less than $100...i highly doubt. 

I think we will see $150 because it is very hard to keep the bitcoin high forever, sooner or later i think we might see a at least a momentary drop in price, maybe it last very few hours or minutes, but it can happen, just think about whales or other events, like if the FBI sell all the bitcoins they have (although I doubt that they will do it soon)

[DeathAndTaxes]

If you want a position just use multiple price points.
BUY 20 @ $170.00
BUY 20 @ $165.00
BUY 20 @ $160.00
BUY 20 @ $155.00
BUY 20 @ $150.00

+1. That's how I got some coins at several prices down to 125.1 EUR (lowest was 125.0). Of course my cheaper orders weren't met but I least I got a good position.

Usually I don't do "BUY 20 @ $155.00", "BUY 20 @ $150.00" but "BUY $2000 @ $155.00", "BUY $2000 @ 150.00". This means I get more coins at cheaper prices, thus obtaining a better average price.

That actually is a better way to do it.  If the price goes lower your average price declines and as suggested up thread use "weird" numbers to avoid becoming part of a wall.

So putting it all together rather than try to predict the bottom:  BUY $2,000 @ $150.00

stagger bids around your predicted price range:
BUY $400 of BTC @ $171.23
BUY $400 of BTC @ $165.09
BUY $400 of BTC @ $160.87
BUY $400 of BTC @ $156.44
BUY $400 of BTC @ $151.01

[smoothie]

If you want a position just use multiple price points.
BUY 20 @ $170.00
BUY 20 @ $165.00
BUY 20 @ $160.00
BUY 20 @ $155.00
BUY 20 @ $150.00

+1. That's how I got some coins at several prices down to 125.1 EUR (lowest was 125.0). Of course my cheaper orders weren't met but I least I got a good position.

Usually I don't do "BUY 20 @ $155.00", "BUY 20 @ $150.00" but "BUY $2000 @ $155.00", "BUY $2000 @ 150.00". This means I get more coins at cheaper prices, thus obtaining a better average price.

That actually is a better way to do it.  If the price goes lower your average price declines and as suggested up thread use "weird" numbers to avoid becoming part of a wall.

Used same strategy when I used to trade.

I don't trade much anymore. But it is good to place orders a bit above support levels and a bit below resistance levels, generally.

[dserrano5]

I got coins down to 125.1 because that's precisely the "weird" number I'm using, <round number> plus 0.1 or 0.15 sometimes (or minus 0.1 when selling). Works good enough for me.

[Pokerfan]

I think this is the last days we're seeing below $200. Hopefully never again!

[4mherewego]

Assume that the expected value of a bitcoin is $200. And assume that if bitcoin never reaches $150 is because bitcoin keeps growing until it replaces fiat and that it's then worth $4M. Probability of never reaching $150 then is approximatly:
p=200/4M*100%.

[waltermot321]

Why do people want to try and call at a bottom?   Kinda sucks if you have a BUY 100 BTC @ $150.00 and the lowest tick before heading skyward is $151.23.

If you want a position just use multiple price points.
BUY 20 @ $170.00
BUY 20 @ $165.00
BUY 20 @ $160.00
BUY 20 @ $155.00
BUY 20 @ $150.00

I once did this and it drop to $70...

[theonewhowaskazu]

Why do people want to try and call at a bottom?   Kinda sucks if you have a BUY 100 BTC @ $150.00 and the lowest tick before heading skyward is $151.23.

If you want a position just use multiple price points.
BUY 20 @ $170.00
BUY 20 @ $165.00
BUY 20 @ $160.00
BUY 20 @ $155.00
BUY 20 @ $150.00

I once did this and it drop to $70...

And then it went up to $200 and you made a ton of money

[BitPappa]

Wow, I'm long Bitcoin, but I really thought that last dip would go lower… I'm blown away by the price strength, I may need to adjust my ladder of limit orders quite a bit higher.

[FeedbackLoop]

You think we'll ever see $150/coin again?

There is a breach in the dam. The water is discovering the new lower gravitational potential region just outside. Does the dam stay full? (yeah, bad analogy regarding price action but f it it's cool, exponential adoption biatches!)

[cassimares]

Yes, after china profit taking and everyone started to panic........ But the chances are lower after what happen to silkroad....

[bitcoin carpenter]

With so few btc for sale between 230 and 300 I think we may be moving from triple digits to quadruple digits faster than from double to triple

[dang thi bich thuy]

You think we'll ever see $150/coin again?

Hope not.

[randrace]

I expect we will see $100 again within 6 months.

[MelodyRowell]

I expect we will see $100 again within 6 months.

$50 if panic sells happen....